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Alum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23868
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Alum Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Alum | Chemical | USA | 419 USD/MT |
| Alum | Chemical | China | 180 USD/MT |
| Alum | Chemical | Germany | 519 USD/MT |
The price of alum in the United States for Q4 2023 reached 419 USD/MT in December.
On the contrary, the price trend for alum in China reached 180 USD/MT in the same month.
In Germany, alum prices reached 519 USD/MT in the fourth quarter of 2023.
Alum Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Alum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of alum pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of alum at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of alum price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing alum price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Alum Market Analysis
The global alum market size reached US$ 981.1 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1325.5 Million, at a projected CAGR of 3.40% during 2023-2032.
- The escalating demand for alum in water treatment plants is driven by the increasing need for safe and clean drinking water. With a growing emphasis on regulatory compliance and environmental considerations, alum is being increasingly utilized for coagulation and flocculation in various water purification processes.
- In the paper and pulp industry, alum is a ubiquitous sizing agent with some capacity to improve the quality of paper. The growing usage of paper products, especially in developing economies, is augmenting the demand for alum to enhance product quality and operational efficiency.
- Rapid urbanization and infrastructure development are key drivers of increased construction activities. Alum, known for its applications in concrete production, is seeing a significant rise in consumption due to the growing demand from builders who require durable and high-strength materials for construction projects.
- Alum serves as a mordant in the dyeing and printing processes within the textile industry, leading to substantial usage. The increasing demand for colored and patterned fabrics has accelerated alum consumption, particularly due to the growth of the textile sector in the Asia-Pacific region.
- Alum, known for its astringent and antibacterial properties, is commonly used in certain deodorant and aftershave products. The rising consciousness among individuals regarding personal hygiene and maintenance is significantly impelling the demand for alum-based products.
- The pharmaceutical industry employs alum in various medicines and vaccines due to its adjuvant properties. The anticipated increase in healthcare spending and pharmaceutical production is expected to further drive the growth of the market.
- Alum is used in agriculture to modify soil pH, enhancing land fertility. This is one of its primary uses both agriculturally and domestically. The growing global population demands increased agricultural production to meet the rising need for food.
- The addition of alum to the food and drinks industry as a food additive, especially in pickling and baking processes, is enhancing the demand for alum in processed and convenience food applications.
Alum News
The report covers the latest developments, updates, and trends impacting the global alum market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in alum production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the alum price trend.
Latest developments in the alum industry:
- May 15, 2024: RUSAL, one of the major producers of aluminum and aluminum-based alloys, alumina, in the world, announced its intention to introduce machine vision technology for in-process control at the electrolysis workshops of five aluminum smelters. This is the first large-scale deployment of artificial intelligence (AI) in aluminum production within the company.
- June 14, 2024: Alcoa Corporation announced its acquisition of Alumina Limited, one of the largest alumina and bauxite producers in the world.
Product Description
Alum is a type of chemical compound, the most common type of which is potassium aluminum sulfate (KAl(SO₄)₂·12H₂O ), which shows that it is a white crystalline solid and water-soluble, with an affinity for coagulation and antiseptic properties when dissolved in water. It is heavily employed in industrial processes, amongst others in water purification, where it assists in the coagulation of particles to eliminate impurities, for example, air bubbles from resuspended precipitation.
It can also make paper sizing and quality improvement most used in the paper and pulp industry. Additionally, it is also used as a mordant in a dyeing process with natural dyes that help to obtain more intense colors; this color proofing finds a place among other coloring applications walking through the textile industry.
Apart from this, it is used in the food industry as a food additive and preservative, and also in baking. It is widely used in personal care products such as deodorants and aftershaves due to its astringent properties. In addition, this is also a fertilizer for improving the yield of crops with soil improvement effects to adjust soil pH in agriculture.
Regional Coverage
The report provides a detailed analysis of the alum market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the alum price trend.
Global Alum Price
The report offers a holistic view of the global alum pricing trends in the form of alum price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price of alum but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed alum demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Alum Price
European alum prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed alum price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Alum Price
The analysis of alum prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific alum historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Alum Price
The report explores the alum pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on alum prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Alum Price
The alum pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This alum price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Alum Price
The analysis of alum prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Alum |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Alum Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of alum pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting alum price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The alum price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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